Jase Wilson, Neighborly's CEO, simply describes his business as "modernizing access to public finance". FinTech Collective is excited to be part of helping Jase and the team tackle an inefficient and opaque $3.8Tn market.
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FinTech Collective Participates in Neighborly's $25m Series A to Modernize Public Finance
That’s why we believe that public finance is the most important capital market. Yet the $3.8 trillion municipal bond market still relies on telephones and fax machines. When we empower investors and broaden communities’ access to capital, we see a future in which communities can borrow what they need when they need it, without the high fees. This year has already been an inflection point for public finance. Since the start of the year Neighborly has financed nearly $25 million for communities, from California to Massachusetts, for public projects including bike lanes, building renovations, energy efficiency upgrades, and conservation.
